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Don’t miss the latest developments in business and finance.
Jeff Bezos sells 1 mn Amazon shares worth $3.1 bn after fortune surges
The disposals, disclosed Wednesday in Securities and Exchange Commission filings, adds to a $4.1 billion sale earlier this year
Amazon posts record Q2 earnings as online sales soar 48% amid Covid-19
Rival brick-and-mortar retailers shut stores in lockdowns for coronavirus, as Amazon hired 175,000 people and saw demand for its services soar
Amazon shares break $1,000; accounts for 17% market cap of the S&P 500
NEW YORK (Reuters) - Amazon.com on Tuesday became the second of the current S&P 500 components to hit the $1,000 price mark, beating Google parent Alphabet to the punch and underscoring a massive rally in large-cap technology-related stocks.
